Precious metal prices in India remained largely stable on May 22, 2026, with only minor fluctuations observed across major cities. Despite geopolitical tensions in West Asia and mixed signals from the US dollar influencing global markets, domestic demand for gold and silver held steady, reflecting a cautious sentiment among investors.
For May 22, 24-carat gold is trading around ₹15,994 per gram nationally, while 22-carat gold is priced near ₹14,661 per gram. Silver, a key industrial and investment metal, is hovering close to ₹2,85,100 per kilogram in the domestic bullion market.
Factors Influencing Bullion Prices
Several factors contribute to the daily movement of gold and silver prices in India. These include international bullion rates, the fluctuating rupee-dollar exchange rate, prevailing import duties, and seasonal jewellery demand. With the wedding and festive season approaching in some regions, a stable retail demand helps prevent sharp price corrections.
Today's Gold Rates Across Major Indian Cities (May 22, 2026)
Here are the latest retail gold prices per gram:
- Delhi: 24K Gold ₹16,024, 22K Gold ₹14,676
- Mumbai: 24K Gold ₹15,994, 22K Gold ₹14,661
- Kolkata: 24K Gold ₹15,994, 22K Gold ₹14,661
- Chennai: 24K Gold ₹16,168, 22K Gold ₹14,811
Please note that local taxes, transportation costs, and jewellers’ margins can cause slight variations in prices across different cities.
Today's Silver Rates Across Major Indian Cities (May 22, 2026)
Silver continues to trade at elevated levels, supported by both industrial demand and investment buying. Unlike gold, silver's price is more sensitive to global manufacturing trends, making it more volatile during uncertain economic periods.
- Delhi: ₹2,85,100 per kilogram
- Mumbai: ₹2,85,100 per kilogram
- Kolkata: ₹2,85,100 per kilogram
- Chennai: ₹2,90,100 per kilogram
MCX Futures Market Overview (May 21, 2026 Closing)
On the Multi Commodity Exchange (MCX), precious metals experienced mild pressure in the previous trading session on May 21. Gold futures for June delivery settled slightly lower at ₹1,59,300 per 10 grams, marking a 0.63% decrease. Silver futures for July delivery also saw a correction, falling nearly 0.13% to ₹2,73,900 per kilogram.
Market Outlook
Analysts suggest that traders remain cautious, closely monitoring global macroeconomic cues, currency movements, and ongoing geopolitical developments. These factors are expected to be key determinants of the next major trend in the precious metals market.